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Ukraine, UK Agree on Discounts for War Risk Insurance for Black Sea Exports: Officials

November 15, 2023

Ukraine and Britain have agreed on a special mechanism for discounts on war risk insurance on exports through the Black Sea corridor, which has helped transport almost 4 million metric tons of goods since August, Ukrainian officials said on Tuesday.

Kyiv launched a “humanitarian corridor” for ships bound for African and Asian markets to try to circumvent a de facto blockade in the Black Sea after Russia quit a United Nations-brokered deal that had guaranteed Kyiv’s seaborne exports during the war.

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